Many AAFMAA members have asked us about the “new” retirement system, which was approved by Congress in the 2016 National Defense Authorization Act. This is the first major change in military retirement since World War II and its impact is significant and important for the military and the nation. Read more about the plan specifics, which will affect those who join the military in 2018 and beyond.
There are moments in your life when you face big changes. Maybe it’s a job change, career change, or perhaps you’re transitioning out of the military. Whatever the transition may be, it presents a good opportunity to review your financial landscape. Read more to discover key points you should address in times of change.
You may have heard about the “Widow’s Tax” and Congress’ potential changes to the Survivor Special Indemnity Allowance (SSIA). Read the full article for an explanation of the SSIA, the recent news surrounding it, and why there can be confusion about military widow entitlements.